Today not many bank owned properties and even it is they're ok with it as long as you can provide operating agreement and articles of incorporation to ensure arms length transaction.

The property you are buying for $56k today, probably sold in the mid 30's a couple of short years ago. 

For get about your kids, just take care of business today since the future has no guarantees..

Im gonna talk to them today just to see.

I personally will not use income approach to value until I am at double digit units.

I used to live in Lexington and just had a meeting there today.

You can get started today by getting an education--being here is a great start--and networking like crazy while you explore your options.

The Federal Housing Finance Agency (FHFA) today announced that Fannie Mae and Freddie Mac (the Enterprises) will conclude their single-family rental pilot programs and then terminate their participation in the single-family rental market except through their previously existing investor programs – Fannie Mae’s Multiple Financed Properties and Freddie Mac’s Investment Property Mortgages.Not trying to discredit anything, but this was a 2 year pilot program.... seems like plenty were able to do ok prior to that, wouldn't it be likely they could continue after as well?

I think the best advice is to find something you are comfortable with today and if it appreciates over time you have a nice added bonus.

After hearing that my 90-year-old grandfather, who now relies on a motor scooter most days to get around, just returned from a trip to obtain continuing education in order to his civil engineering license active, I realized how silly the excuses we create for ourselves truly are...If he still has that kind of fire at 90, how much should I have today in my 20's!